The real estate market is seeing notable developments in Ho Chi Minh City and Hanoi. Toward the end of the year, a wave of shophouse tenants returning premises has intensified in Ho Chi Minh City as many brands face business difficulties. In contrast, the city has proposed shortening the approval process for social housing projects by removing the requirement for subdivision planning, with the aim of expanding land availability and increasing supply. Ho Chi Minh City is also planning a logistics hub network at 10 major gateways, including Cat Lai, Long Binh, Linh Trung, Hiep Phuoc, Cu Chi, Hoc Mon and Tan Son Nhat Airport. However, VARS warned that applying a land price table with the K coefficient could raise land-use fees at some projects by two to 2.6 times, putting pressure on investment costs and real estate supply. In Hanoi, more than 6 hectares of land near Giap Bat Bus Station is being converted for a shopping center and parking facilities. The Bac Thang Long Urban City proje...
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